Sale to Tenova, a division of Techint Group

Industrial
Sale to Tenova, a division of Techint Group

Summary

Baird served as exclusive financial advisor to Metall Technologie Holding

About

Metall Technologie Holding (“MTH” or the “Company”), a portfolio company of European Capital S.A. SICAR (“European Capital”), was recently acquired by LOI Thermprocess GmbH (“LOI”), a subsidiary of Tenova SpA (“Tenova”). Tenova is a wholly-owned company of Techint Group SpA (“Techint Group”). Terms of the transaction were not disclosed.

MTH is a leading international provider of industrial heat treatment technology and aftermarket services for heat treatment equipment utilised to treat finished metal components primarily in the aerospace, heat treatment, automotive and machine tooling industries. MTH offers a complete range of customised and advanced industrial heat treatment furnaces, both vacuum and atmospheric, and provides aftermarket parts and services for an installed base of 2,500 units. The Company serves its global blue-chip customers with over 320 employees through five well established brands: Schmetz, Mahler and IVA in Germany, BMI in France and Huisen in China. MTH is headquartered in Menden, Germany.

European Capital is an investment company for pan-European equity, mezzanine and senior debt investments with €1.2 billion of assets under management. European Capital is a wholly-owned affiliate of American Capital, Ltd. (“American Capital”) (NASDAQ: ACAS). European Capital is based in Paris, France and London, UK.

LOI is a leading global supplier of reheating and heat treatment plants for the steel, aluminium and automobile industries. LOI has over 900 employees and manages 10 companies in Europe, China, India, the USA and other countries. LOI is headquartered in Essen, Germany.

Tenova is a worldwide supplier of advanced technologies, products and services for the iron & steel and mining & minerals industries. It has 4,800 employees in 26 countries on 5 continents. Tenova is headquartered in Milan, Italy.

Techint Group comprises Tenaris, Ternium, Techint E&C, Tenova, Techpetrol and Humanitas. Techint Group operates worldwide and has over 59,000 employees. Techint is headquartered in Milan, Italy.

For additional information about this transaction, please contact:

Joachim Beickler +49 (0) 69 1301 4951
Vinay Ghai +44 (0) 20 7667 8225
Matt Gehrke +44 (0) 20 7667 8268
Nicholas Sealy +44 (0) 20 7667 8370
Chris McMahon +1 (312) 609 4983
Anthony Siu +86 (21) 618 209 80
Industrial
Sale to Tenova, a division of Techint Group
Date
June 2013
Company
Metall Technologie Holding
Transaction
M&A
Sectors
Industrial
Target Location
Europe
Acquiror Location
Europe

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